3 ms·
This trend is awful for businesses. In October 2019, PayPal (which owns Braintree) also started to retain their 2.9% + $0.30 processing fee from refunded transa
by commoner 7y ago
This trend is awful for businesses. In October 2019, PayPal (which owns Braintree) also started to retain their 2.9% + $0.30 processing fee from refunded transactions. Stripe is now in the same class as PayPal.
https://www.theverge.com/2019/9/20/20876570/paypal-refund-fee-policy-change-sellers-controversy https://www.theverge.com/2019/9/20/20876570/paypal-refund-fe...
Square still refunds processing fees to merchants for refunded transactions. They have the same fee (2.9% + $0.30) for online transactions, and a lower fee (2.6% + $0.10) for in-person transactions with their card reader.
https://squareup.com/help/us/en/article/5060-refund-overview https://squareup.com/help/us/en/article/5060-refund-overview
https://squareup.com/us/en/pricing https://squareup.com/us/en/pricing
- belzebalex 7y ago* Whistling * Crypto's coming!
- threeseed 7y agoCrypto is like Linux on the Desktop i.e. about as popular as it's always going to be. And the reason is that most people simply don't hate the status quo.
- LunaSea 7y ago10min long transactions, yay!
- lostmsu 7y agoDoes not seem like a major problem for an online business (e.g. movie ticket sales, Amazon, App Store, etc). There's also always an option to take the first confirmation (~24sec in Ethereum) as a sufficient proof for small transactions.